Financials in USD. Standardized financial statements.
A compact view of how Enphase Energy, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.47B | $1.33B | $2.29B | $2.33B | $1.38B | $774.42M | $624.33M | $316.16M | $286.17M | $322.59M |
| Revenue Growth? | +10.7% | -41.9% | -1.7% | +68.7% | +78.5% | +24.0% | +97.5% | +10.5% | -11.3% | 0.0% |
| Cost of Revenue? | $785.98M | $701.25M | $1.23B | $1.36B | $827.63M | $428.44M | $403.09M | $221.71M | $230.12M | $264.58M |
| Gross Profit? | $687.00M | $629.14M | $1.06B | $974.60M | $554.42M | $345.98M | $221.25M | $94.44M | $56.04M | $58.01M |
| Gross Margin? | +46.6% | +47.3% | +46.2% | +41.8% | +40.1% | +44.7% | +35.4% | +29.9% | +19.6% | +18.0% |
| Operating Expenses? | $522.35M | $551.85M | $612.65M | $526.33M | $338.59M | $159.54M | $118.52M | $92.85M | $95.42M | $120.71M |
| Operating Income? | $164.66M | $77.29M | $445.74M | $448.26M | $215.83M | $186.44M | $102.73M | $1.60M | -$39.38M | -$62.70M |
| EBITDA? | $289.98M | $210.45M | $596.69M | $520.26M | $196.93M | $158.51M | $113.92M | $10.13M | -$28.13M | -$52.58M |
| Income Before Tax | $204.81M | $120.16M | $513.14M | $452.05M | $120.93M | $119.41M | $90.11M | -$10.23M | -$45.34M | -$65.99M |
| Income Tax Expense | $32.68M | $17.50M | $74.20M | $54.69M | -$24.52M | -$14.59M | -$71.03M | $1.40M | -$149,000 | $1.48M |
| Net Income? | $172.13M | $102.66M | $438.94M | $397.36M | $145.45M | $134.00M | $161.15M | -$11.63M | -$45.19M | -$67.46M |
| EPS? | $1.31 | $0.76 | $3.22 | $2.94 | $1.09 | $1.07 | $1.38 | $-0.12 | $-0.54 | $-1.34 |
| Diluted EPS? | $1.29 | $0.75 | $3.08 | $2.77 | $1.02 | $0.95 | $1.23 | $-0.12 | $-0.54 | $-1.34 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality